TRINITY (ZC,ZS,ZW)
Pre-Market seemed weak today. As u can see on the charts, the weakest opening would be Soybean(ZS), already broke the yesterday's low. Wheat though stronger on opening, yesterday didn't make new high and made bigger fall than ZS. Corn will be the strongest from all three. Make new high and not yet broke yesterday's low. US session will be crucial for the first one hour. If it made reversal, then ZC might become good candidate to go long. If it's get worse, then Wheat and Soybean will be a good choice to short.
Grains become a hot things this 2011. Food issue like failed crop, bad weather, all over the news. I don't have bias where the market will go. But all I know, lot participants = wider range = bigger chance to make profit. Crude Oil still hot things and it always had. But bad thing is it often chopped around until 01.00 pm before it makae directional move. Not having enough move to recover from the chopfest. Grains also have tendency to chopped around, with worse issue like slippage. But The compressed pit session made participants to move the grains more furious, faster, harder. It have more probability having 3-5 cents in a matter of minutes. While Crude Oil, never know when it get out from the chopped zone.
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